While uncertainty abounds in global energy markets amid Russia’s ongoing invasion of Ukraine, African leaders are increasingly looking to the private sector to finance investment in clean energy ahead of the COP27 UN Conference on Climate Change, to be held in Sharm El Sheikh, Egypt in November 2022.
More than two years after the start of the Covid-19 pandemic, many emerging markets are still dealing with high levels of plastic waste. Amid numerous environmental and health challenges, countries and companies alike are working on solutions to combat the issue.
The Bahamas has become the latest emerging market to seek to leverage its natural environs to fund projects to protect its environment, announcing plans to sell blue carbon credits before the end of the year.
A recent report found that relatively few companies in the Asia-Pacific region have adopted net-zero carbon emission strategies to date. Nevertheless, there are grounds for cautious optimism as pacesetters in the region announce ambitious targets and experiment with innovative decarbonisation strategies.
The World Bank has issued the world’s first wildlife conservation bond, raising money to protect endangered black rhino populations in South Africa. The move comes as governments and institutions alike continue to look for innovative ways to finance environmental projects in emerging markets.
Higher education institutions have a leading role to play in helping emerging economies adapt to the effects of climate change, as well as to meet their net-zero goals. This role can be roughly divided into two key areas: implementing best practices and leading on research.
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